Best bike insurance: Our pick of the best policies for cyclists of all disciplines

The greatest motorcycle insurance not only protects you when you need it most, but it may also provide you with a sense of security while riding.

While this is fantastic news for cyclists, it also means that thieving criminals have a wider range of targets to select from, which is not always a good thing. If you don’t already have one, it’s critical to get one now.

There are, of course, actions you can take to avoid theft; the finest bike locks are meant to thwart thieves for as long as possible, while the best lightweight bike locks are designed to dissuade opportunists. Locking your bike properly is critical, but no matter how careful you are, experienced thieves will ultimately steal your prized possession if they have the necessary equipment and the time.

Aside from the fact that you’ll likely already have house insurance, there’s a good chance that you need specialized bike insurance. You may not be insured if your bike is stolen while it is locked up in a public place if you have a house insurance policy with a low maximum claim.

In contrast, specialist bike insurance plans have various advantages that you won’t get with standard house insurance policies since they are tailored to meet the requirements of cyclists particularly. For instance, some companies provide discounts for purchasing numerous bicycles, while others include trip insurance. In the event that your helmet, lock, or lights are destroyed or stolen, you may insure them as well. Personal accident and property damage liability coverage are common additions to specialty insurance policies. As a racing enthusiast, it’s a good idea to check into an insurance policy that includes coverage for race-related damage, lost race costs, and personal injury. If you can afford it, you’ll receive a lot of value for your money.

The sheer number of insurers and plans available might be confusing if you’re just starting out in the bike insurance industry. We’ve compiled a list of the finest bike insurance plans available today to make your life a little easier.

How to find the best bicycle insurance for you?

Bicycle insurance coverage is like most other things: they are based on your individual requirements. A great cover for someone else may not be the right fit for you. Take into account what you need as well as what you would want to have. It’s a good idea to keep things in perspective and realize that you may always change your coverage later on.

What is the advantage of having racing insurance during a pandemic when races are canceled? It’s unlikely. What are your plans for the rest of the year? Think about adding such coverage to the insurance now rather than later. Theft coverage away from home may not be necessary if you never leave your £10k carbon racing bike alone.

Think about how much it would cost to replace your bike if it were stolen or destroyed. You may have purchased your bike in the sales for £2,000, but replacing it with a similar model now may cost you twice as much. Many insurance companies take this into consideration by giving a guarantee of like-for-like replacement if your 2015 Zipp wheels are totaled and no longer available.

Bike insurance FAQs

Is it possible to ensure a bicycle?

Yes! Among the many excellent bike insurance providers, we’ve compiled a short selection of our favourites.

Is insurance required for cyclists?

No, bikers are not required to have insurance according to the law. However, it’s always a good idea to be prepared in case of an emergency. Without insurance, if you are found to be responsible for damages to another person’s property, you may be forced to pay for such damages out of your own pocket. Additionally, insurance will cover the cost of a new bike in the event yours is stolen.

Is e-bike insurance required?

You’ll have to check your local laws to see whether this applies to you. E-bikes are often classified as bicycles for tax and insurance purposes, so long as they comply with local legislation related to pedelecs, which you can find out more about in our best electric bikes article. However, like with any bicycle, you should make sure you have insurance in case of an accident or theft.

What is covered by a bike policy?

Insurance coverage for bicycles often allows you to choose the degree of protection you get when you purchase the policy. In many cases, you may alter your coverage at any moment using a dashboard provided by the insurance company.

Third-party property damage is often covered by the simplest plans. If your bike is destroyed during a race or a sportive, you’ll be covered by competition insurance, which includes theft protection and accidental property damage.

Are bicycles covered by my car’s insurance?

Bike insurance isn’t usually included in a standard policy, although it’s possible in certain cases. It all depends on the specific policy and the insurance company. If you’re unclear about anything, we recommend checking your policy or contacting your insurance company.

Is my house insurance policy going to cover my bicycles?

There are a number of house insurance options that provide some kind of protection for your bicycles. Aside from that, most insurance policies only cover the most expensive motorcycles, and the amount of coverage varies widely from insurer to insurer. Make sure to double-check your coverage and get in touch with your auto insurance provider if you have any questions.

As an uninsured cyclist, what do I need to do in the event of an accident?

If you’ve already been involved in an accident but are uninsured, you have choices. Many cycling accident lawyers work on a no-win, no-fee basis and may assist you to file a claim for compensation. Other firms like Cycle SOS and Alyson France may also assist you to file a claim against the local municipality for potholes or the guilty parties in road traffic incidents, such as Wiggle Legal, a department of the international cycling online store. But you can’t win every time, and it’s possible that your claim may be rejected if there is no responsible party.

Is it necessary to file a police complaint about a bike that was stolen?

Absolutely. Even though the chances of retrieving a stolen bike are slim, the chances of doing so drop even more if the theft is not reported. Police will record it in their database if it is reported to them. You will be reunited with your steed if the bike is ever found since they will know who you are.

It’s a good idea to keep a record of your bike’s serial number in the event that it is stolen since this is unique to each bike. Having this serial number on hand in the event that your bike is stolen will allow you to present the authorities with solid evidence that the bike belongs to you.

A bike shop’s standard procedure is to provide the serial number with every bike sale. In other words, if your bike was stolen and you didn’t note it down, go through your receipt for any indication of its whereabouts. If you’ve misplaced it, try contacting the bike store where you purchased it; they may be able to assist you.

Best bike insurance for tailored policies

As opposed to certain insurers that provide a single, generic policy to cover the requirements of all bikers, others provide custom insurance plans. Three levels of coverage may be available, or you may be able to customize your own insurance to suit your needs.

Yellow Jersey

Essentials, Performance, and Ultimate levels of coverage are available from Yellow Jersey. Zero Depreciation means you’ll always be paid for the bike’s original purchase price, regardless of how old it is. This is a huge advantage.

Accidental damage (both at home and on the road), vandalism and theft, personal injury, physiotherapy, dental work, and public liability insurance are all covered under Essentials. There is also a multi-bike discount, £250 of accessory coverage, and up to £10,000 for permanent harm included in the package.

Additional wheelsets may be added to the Performance package for an additional fee, as well as permanent injury coverage of up to $15,000 for those who participate in charitable and sporting events, as well as in-vehicle theft and in-transit coverage.

Choosing Ultimate will also save you 60% on multiple-bike policies and include coverage for international travel, collision damage, theft from triathlon transition areas, bike boxes, and competitions, as well as the cost of a UK cab back home in the event of an accident or mechanical malfunction.

Bikmo

Bikmo provides a wide range of customized insurance packages to meet your specific needs. Benefits include (but aren’t limited to) £2 million public liability insurance, accidental damage and vandalism, theft (you must adhere to Bikmo’s locking requirements), cover for bike boxes, accessories (including clothing and headgear), emergency hire, £100,000 legal expenses cover, and 24/7 cycle hangar parking.

Multi-bike discounts of up to 50% are offered by Bikmo, as well as a depreciation-free cost estimate for repairs. They have a knowledgeable staff of bike nerds on standby, and you may pay in interest-free monthly installments

Wiggle Insurance

Wiggle’s insurance is available in three levels: Assist, Essential, and Elite – and claims to be the fastest-acting provider of all. Most insurance companies will ask for evidence of expenses before they reimburse you, whether it’s for a cab home after a breakdown or for dental work. Wiggle pledges to respond swiftly, including providing emergency medical services and ground transportation to those in need. The monthly payments are also interest-free.

Although the Assist insurance coverage is quite modest, it does provide access to emergency medical services, dental care, and physiotherapy.

The Essential plan, which includes theft and accidental damage coverage, is best suited for casual riders and commuters.

You can get all of this and more in their most complete package—Elite—which includes coverage for all of these things and more.

Velosure

Based on the discipline and kind of bike you ride, Velosure provides a variety of insurance options. This is a policy that includes policies for both road and mountain bike types. Cover for accidental damage and theft, up to £2 million in public liability, and new for old replacement are included in the standard policy. Multi-bike discounts are also available.

Optional extras may be added to your insurance to meet your specific requirements, such as European and international travel, sports and competition coverage, personal accident and accessory coverage, and replacement bike rental.

 

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